UFC heavyweight champion Cain Velasquez signs new eight-fight UFC contract - MMAmania.com

Despite having three fights left on his current contract, Ultimate Fighting Championship (UFC) heavyweight champion Cain Velasquez has signed a brand new eight-fight deal with the UFC.

UFC President Dana White announced Velasquez's contract extension with the organization following the UFC 157: "Rousey vs. Carmouche" pre-fight press conference on Thursday (Feb. 21, 2013), telling Ariel Helwani of MMA Fighting that the two-time heavyweight champion "deserved it."

While the length of the contract was released, the financial terms remain unknown.

Velasquez (11-1) became the third-ever two-time heavyweight champion when he reclaimed the belt from Junior dos Santos in emphatic fashion at UFC 155 in December.